I need a custom made Metatrader 4 indicator to alert me on the following scenarios;
First let's setup our chart:
1: Open an EUR/USD chart
2: Set it to 5 mins, activate candle stick.
3: Insert these EMA: 9,24,62,77 and 200 (for all of these EMAs we much choose "apply to Open").
4: Install the enclosed "Ichi360 Monitor" indicator to the chart.
Now I need the alert on these scenarios:
1st scenario:
- First thing Ichi360 Monitor must be showing 13+ arrows in the upward direction
- Second thing, all our EMAs are trading above our 200 EMA
- When these first 2 criterias are met then the custom indicator will watch out for 2 down trend candle stick and when the 2nd downtrend candle stick is closed it will alert me (We have to observe these 2 rules though: if the 2nd downtrend candle stick becomes a doji [opens and closes at same price] the count is reset. Meaning we have to start counting all over again when another downtrend candle is created). 2nd rule: If any of the 2 downtrend candle touches or break through our 200 EMA the count is reset).
2nd scenario:
- First thing Ichi360 Monitor must be showing 13+ arrows in the downward irection
- Second thing, all our EMAs are trading below our 200 EMA
- When these first 2 criterias are met then the custom indicator will watch out for 2 up trend candle stick and when the 2nd up trend candle stick is closed it will alert me (We have to observe these 2 rules though: if the 2nd up trend candle stick becomes a doji [opens and closes at same price] the count is reset. Meaning we have to start counting all over again when another up trend candle is created). 2nd rule: If any of the 2 up trend candle touches or break through our 200 EMA the count is reset).
The EUR/USD chart I used above is just an example. I will use this custom made indicator on many other charts. So the alert given should make it easy for me know which chart the alert is coming from.
Awaiting for the best Bid